FINANCIAL STOCK MARKET  WEEK "Market lackluster performance":  October 30, 2023

Last week saw Wall Street endure another Market lackluster performance.  Investors continued to fret over hawkish comments from Federal Reserve officials as inflation remained above the Fed's target rate of 2.0%. In addition, higher bond yields and unrest in the Middle East also weighed on the market. Each of the benchmark indexes listed here ended the week lower, adding to losses from the previous week. The S&P 500 and the Nasdaq Composite entered correction territory during the week. Each of the market sectors declined, with the exception of utilities, which inched up 0.3%. Communication services and energy declined more than 7.0%. Crude oil prices fell, although a sharp climb last Friday could be the result of a widening of the Israel-Hamas conflict.

Last Monday saw a pullback in bond yields help propel growth sector stocks. Tech shares climbed higher as corporate earnings season began to ramp up. While the Nasdaq (0.27%) gained ground, the remaining benchmark indexes listed here were not so fortunate. The small caps of the Russell 2000 dropped 0.9%, followed by the Dow (-0.6%), the Global Dow (-0.3%), and the S&P 500 (-0.2%). Ten-year Treasury yields dipped 8.6 basis points to 4.82%. Crude oil prices fell 2.3% to settle at $86.02 per barrel. The dollar and gold prices declined, in a week of Market lackluster performance.

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Wendy Nelson, CEO of Wind River Wealth Advisors, aims to provide beneficial investment management, retirement planning, financial planning, asset management, and portfolio management to protect your money with knowledgeable strategies and plans by utilizing a personal independent financial advisor.